Hiring vs Buying

Have you considered Hiring instead of buying. The decision to hire a caravan can definitely be a cheaper alternative than purchasing your own. Avoid storage problems, annual insurance costs, maintenance, depreciation and registration fees by hiring one of our modern Jayco caravans instead. You can Hire a different van each time you travel that suits your proposed holiday needs.

Having your own van sitting at home makes you feel like you have to use it all of the time to get the value out of it. Hiring a van means if you decided to use your holiday cash one year to go on a cruise or overseas trip you won’t be feeling tied to your van.

Do the sums, you will be surprised how hiring can be an inexpensive option compared to purchasing.

$60,000 - New 19' Caravan

Buy

Storage $990
Insurance $850
Service/Maintenance $500
Registration $60
Interest on Loan at 6% $3,600
Depreciation at 5% $3,000
Total per annum $9,000

Rent

2 Week holiday in January (peak) $1,980
1 Week holiday in August $660
3 Day weekend away $395
4 Week holiday up north (off peak) $2,375
Total per annum $5,410

In 5 years, you have paid over $45,000 in costs and still have a $60,000 loan on a 5 year old caravan that may not suit your lifestyle. After 5 years of hire you’ve saved yourself thousands, you will have no loan and are still hiring a brand new caravan to suit your current lifestyle and you have an extra $20,500 in your pocket.

$40,000 - New 14' Expanda

Buy

Storage $990
Insurance $650
Service/Maintenance $500
Registration $60
Interest on Loan at 6% $2,400
Depreciation at 5% $2,000
Total per annum $6,600

Rent

1 week holiday in January $820
1 week holiday in August $535
Weekend away $335
1 month holiday up north $1,925
Total per annum $3,615

In 5 years, you have paid over $45,000 in costs and still have a $60,000 loan on a 5 year old caravan that may not suit your lifestyle. After 5 years of hire you’ve saved yourself thousands, you will have no loan and are still hiring a brand new caravan to suit your current lifestyle and you have an extra $20,500 in your pocket.